Once you have determined how much funding you will require to start your business, decide how you will raise the capital. Choosing the right source depends on what you intend to use the money for, how much you need, what the alternatives are, and matching the source of the funds for the use. To help navigate how to raise money to start your business, consider these six steps.

Many businesses need to raise extra capital or funding at some stage in their growth. The first task is figuring out how much you need and what it’s for. For example, you could be aiming to increase capacity by investing in new equipment or expanding your facilities.

Discover how Ten Tomorrow, a Hawaii-based clothing brand, is fostering community and collaboration through its Kaimuki boutique. Owner Summer Shiigi shares how local partnerships and support from Central Pacific Bank have helped her business thrive, especially during challenging times like COVID.

Diamond Bakery, a Hawaii favorite founded by three Japanese friends, is celebrating over 100 years of success by giving back to the community. From sponsoring the Honolulu City Lights Parade to making generous donations to those in need, their commitment to service shines. With strong support from Central Pacific Bank, the company continues to grow, reaching new heights and expanding its market presence.

Mohala Eyewear, founded by Ashley Mariko Meilon Johnson, offers customizable eyewear designed to fit the unique needs of every woman. With a focus on inclusivity and comfort, Ashley is making waves in the eyewear industry. This holiday season, discover special discounts and support a great cause, all while benefiting from personalized service and expert banking support from Central Pacific Bank.

88 Tees, a beloved local brand founded by Loukie Wong, brings fashion with a unique aloha spirit. From limited-edition designs to exclusive collaborations, every visit offers something new. With special discounts this holiday season and a strong partnership with CPB, 88 Tees continues to thrive as a favorite in Hawaii’s fashion scene.